Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/213556 
Authors: 
Year of Publication: 
2019
Series/Report no.: 
EERI Research Paper Series No. 09/2019
Publisher: 
Economics and Econometrics Research Institute (EERI), Brussels
Abstract: 
I estimate a panel vector autoregressive model (PVAR) to study the impact of financial liberalisation on income inequality. The analysis is carried out for 162 countries over the period 1980-2015. The results show that capital account liberalisation and financial development increase inequality. However, it change according to the category of income countries (low, middle and high-income) and according to the period of study used (before and after 1990). The shocks caused by the indicators of financial liberalisation on income inequality are very low but persistent in time.
Subjects: 
financial liberalization
income
inequality
PVAR
JEL: 
F38
F41
F02
Document Type: 
Working Paper

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